The Systematic Investment Plan (SIP) Calculator
This is an easy to use online yearly SIP calculator online that can help in finding out the returns on your SIP schemes. The calculator also provides you with the monthly investment amount required to reach your goal corpus. Simply said, it offers a road map for achieving your different financial objectives.
What Is the Process Behind the Yearly SIP Calculator?
Yearly SIP calculators use the compound interest formula to calculate possible returns. The SIP calculator online calculates the prospective returns while accounting for the number of times compounding is relevant. The SIP return calculator also demands for the monthly contribution amount, the number of years the investment will last, and the estimated SIP return percentage. The maturity amount and wealth to be gained from the mutual fund investments will both be calculated automatically by the online SIP calculator. The monthly investment amount for the specified tenure and rate of growth can also be determined by entering the target amount that corresponds to the investor’s financial aim.